Is Binance Coin (BNB) about to hit a new All-Time High?

This week has been a beautiful one for Binance Coin (BNB) as we have seen BNB rise from a weekly low of $511.5 to over $620 currently. 

After the major dip in the month of May 2021, top cap coins, including bitcoin (BTC), Ether (ETH), Solana (SOL), and Cardano (ADA) have hit their previous all-time highs (ATH) and created new ATH but BNB has been on a slow and steady recovery move. 

Today, the price of BNB is testing the critical resistance zone on the daily time frame. 

BNB is about 10 percent away from its ATH about six months ago (10 May 2021). If the bulls are able to push the price above that resistance level, then the journey will become easier for BNB to make a new ATH.

BNB is currently the no. 3 coin in the top 10 cryptocurrency list, coming after Bitcoin and Ethereum respectively.